Ethereum (ETH) continued its downward trajectory on December 9th, trading at 3,918.20, reflecting a decrease of 74.00, or 1.85 percent, from the previous session.
Over the past four weeks, Ether has seen a significant decline of 22.95 percent. However, in a broader perspective, the cryptocurrency's value has surged 66.01 percent over the last twelve months.
Looking ahead, projections indicate that Ether/USD could decline further, with estimations placing its price at 3,839.20 by the end of the current quarter and at 3,561.68 within the next year, based on insights from global macro models and market analysis.